L&L gets OK for 42-story tower at 425 Park Avenue

The Department of Buildings has given L&L Holdings the green light for a planned 42-story tower at 425 Park Avenue.

The 905-foot tower on Park Avenue, between 55th and 56th streets, will go up after L&L tears down of the current 31-story, 650,000-square-foot office tower that currently takes up the full block. Demolition is slated to kick off at the end of the year. L&L CEO David Levinson told the Wall Street Journal that he expects construction to be completed by 2017.